Demonetisation is Monumental mismanagement : Manmohan

Former PM Manmohan Singh came down heavily on ruling NDA government over Demonetisation in Rajya Sabha.

He said, Its Important to take note of the grievances of the people suffering as 60-65 people have lost their lives, what has been done can weaken our people’s confidence in currency and banking system.

He said, ” PM said wait for 50 days but for the poor section even 50 days can be detrimental. I want to ask PM that can he name any country where people have deposited their money but are not able to withdraw it”.

He advised that PM must come with some constructive proposal how we can implement the scheme. Hew questioned as Why Cooperative banking sector which is serving large number in rural sector is not operational ?.

He alleged Monumental mismanagement has been undertaken in implementation of DeMonetisation , He hoped that PM will help us find practical ways to give relief to people suffering. Those who say demonetization is good in the long run should recall quote “In the long run we are all dead”.